Me holding a 400oz bar of pure gold! |
I've been on the 2019 Gold and Alternative Investments Conference at the Sofitel Hotel in Sydney this weekend and I must say it was an impressive experience to see and talk to so many high level individuals (in an Investing and monetary sense) and also learn so much during the back to back presentations.
Basically the entire event was all about precious metals like Gold, Silver, and others and what role they all play within the global economy, now and in the future!
Another big topic has been of course, crypto currencies like Bitcoin and others and what their good and bad at.
I have had the utter pleasure to hold a huge 400oz Gold bar worth around AU$890000!!!
Boom! Mind blown!
Me before the conference in front of the Sofitel Hotel Sydney. |
Also have I learned of an entirely new precious metal, namely Osmium!
This stuff is so bloody beautiful that I would've liked to write out a check immediately.
Other big companies were the Perth Mint (they do all official government Silver and Gold coins and bars) and ABC Bullion who hosted the event.
In my own personal opinion I think that precious metals like Gold, Silver and others have a significant potential upside in the years to come. As a rule of thumb you can say that Silver and Gold create a pretty decent safeguard in times of economic upheaval which is precisely what were in at the moment.
Expert Q&A at the close of the conference. |
As far as Bitcoin and other digital currencies go, I think they are definitely here to stay, but I am personally not confident enough to make a move and put any money towards them as the volatility at the moment is just too unpredictable for me.
But again that's just me. If you are comfortable with the potentially huge losses of your investment money, go for your life!
Just remember, those who spent their money on 'investments' they don't understand are not investors but gamblers.
It was a great experience and a great place to pick the brains of very intelligent people.
The best way to get better at what you do is to actually do it. This was probably one of the main reasons for me to attend this conference.
If you'd like to discuss some of my points of view regarding investing in precious metals and why I think it's a good idea, please get in touch as I'd love to answer questions and shed some light on how and why to do it.
Until next time - be awesome!
Mario
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